Successful labor reforms should be rewarded, says Klaus F. Zimmermann

Our editor-in-chief Klaus F. Zimmermann has suggested introducing incentives to countries for implementing beneficial structural reforms.

To encourage the improvements in labor markets and social security systems, Zimmermann recommends awarding relevant countries a bonus from European Union funds.

This would offer these countries financial flexibility in the medium-term, “without compromising the policy of fiscal consolidation”, says Zimmermann.

Read more here.

Related article:
How responsive is the labor market to tax policy? by Richard Blundell
Do youth mentoring programs change the perspectives and improve the life opportunities of at-risk youth, by Núria Rodríguez-Planas
Formalization of jobs and firms in emerging market economies through registration reform, by Melanie Khamis